India to build its first strategic oil storage by January 2014

Discussion in 'Defence & Strategic Issues' started by ladder, Oct 7, 2013.

  1. ladder

    ladder Senior Member Senior Member

    Joined:
    Mar 28, 2013
    Messages:
    4,751
    Likes Received:
    2,666
    Location:
    India

    India to build its first strategic oil storage by January 2014 - The Economic Times

    ============================================================================

    Though not directly related to defense but has significance in terms of energy security and can provide oil to defense forces in case of naval blockade during a war.
     
    feathers likes this.
  2.  
  3. bennedose

    bennedose Senior Member Senior Member

    Joined:
    Jun 21, 2013
    Messages:
    1,336
    Likes Received:
    1,955
    Location:
    Pindliyon ka gooda
    [start sarcasm]
    Mr Moily added that the Vishakapatnam facility would be located exactly at 84.371 degrees North and 120.876 degrees east and the Mangalore facility at 83.765 deg N and 118.423 deg E. Each would be situated at a depth of 27 to 30 meters and covered by loose gravel

    He requested the Chinese and Pakistanis to update their targeting coordinates accordingly while appealing for peace and friendship.Pakistan is in need of oil and Mangalore would be closest for them he added helpfully. :rolleyes:
    [/sarcasm]
     
  4. ladder

    ladder Senior Member Senior Member

    Joined:
    Mar 28, 2013
    Messages:
    4,751
    Likes Received:
    2,666
    Location:
    India
    Oh come on! you want to say that the billion $$$ the Chinese spent on spy satellite and beidou navigation are waste and the systems are such useless that they now are dependent on Mr. Moily's statement.:p:p
     
    bennedose likes this.
  5. t_co

    t_co Senior Member Senior Member

    Joined:
    Dec 20, 2012
    Messages:
    2,537
    Likes Received:
    699
    Location:
    China
    A good move by India. Building up such a reserve will stabilize Indian imports, which reduces upward volatility in global spot prices - good for all other oil importers as well.
     
    nirranj likes this.
  6. Eastman

    Eastman Regular Member

    Joined:
    Sep 25, 2013
    Messages:
    325
    Likes Received:
    169
    Location:
    Bye Bye DFI
    its 1st Feburary
     
  7. feathers

    feathers Tihar Jail Banned

    Joined:
    Jan 21, 2014
    Messages:
    1,817
    Likes Received:
    844
    Location:
    india
    janme, Srinivas_K and Eastman like this.

Share This Page